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taxing the hell out of anyone who dares go out there and makes money. maybe i should start in illegal business. advise me as my criminal defense attorney. >> you will be the are an awful -- hon., wonderful person that you are. melissa: there is no penalty. >> it takes five minutes to develop an l.l. seat. limited liability company that you can develop online. it takes five minutes. what you need to do is in a regulatory fashion the police have to monitor a better so they can coordinate with each other so that they can crack down, break it down, and prevent people from selling whenever it is, what a personal services, whether it's handbags, or whether it's anything else that's inappropriate, illegal, unlawful. melissa: you think people should be worried about running illegal businesses online? >> i have to tell you, if it is an online business you have a much better probability of driving in it, doing it, becoming enough to been york, and succeeding than if you opened the shop but everyone could see a year. it's a big problem. melissa: give me your advic
taxing the hell out of anyone who dares go out there and makes money. maybe i should start in illegal business. advise me as my criminal defense attorney. >> you will be the are an awful -- hon., wonderful person that you are. melissa: there is no penalty. >> it takes five minutes to develop an l.l. seat. limited liability company that you can develop online. it takes five minutes. what you need to do is in a regulatory fashion the police have to monitor a better so they can...
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Dec 24, 2012
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tax bill. >> reporter: we will continue to publicly shame these tax evadetors. missing money that could have a tax impact on education. >> when question come back, it seems to be a mystery of the universe. we'll show you your own personal best option. >> with most cell phone contracts lasting 2 year, many consumers want to make sure they get the carrier that deliver the best quality for the lowest price. no one service fits all. >> reporter: who has the best mobile phone service? >> verizon. >> at&t. >> metro pcs. >> we never tell anybody. >> reporter: bill moore can help. uses only store bought unmodified thongs indoors and outside and while driving. >> we put software on it that helps automate test. the test we run are calls and up load and download data test. >> reporter: employees travel around the nation recording the data and transferring it to free maps you can access. that general information is not specific to how you use your phone. >> for some people, all they want that phone for is for calling. other people all they care about is data services. if i'
tax bill. >> reporter: we will continue to publicly shame these tax evadetors. missing money that could have a tax impact on education. >> when question come back, it seems to be a mystery of the universe. we'll show you your own personal best option. >> with most cell phone contracts lasting 2 year, many consumers want to make sure they get the carrier that deliver the best quality for the lowest price. no one service fits all. >> reporter: who has the best mobile phone...
SFGTV: San Francisco Government Television
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Dec 24, 2012
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take things for granted without having empirical data we have this habit that we can just spend the tax payers money. i know farmers in the mid-west who are paid not to till the land while half the land they grow corn which when the final product comes out costs $74 a gallon. tank clean energy. so we need to go deeper into it. it's not to say that the deliberation here favors that we do the right thing. we really need to do the right hing with empirical data, not with fluff, and as one who is a philosopher and i go really deep into things and read stuff i will not tolerate fluff. i will expose it. i will shine light where there is darkness. thank you very much. >> thank you. any other members of the public would like to comment? seeing none. we will close public comment. and madam clerk do we have any other items before us? >> no mr. chr app >> good afternoon everyone and welcome to the november 30, 2012 -- i'm sorry december 7, 2012 meeting of the local agency formation commission. my name is david campos and i am the chair of the commission. we are joined by the clerk linda wong an
take things for granted without having empirical data we have this habit that we can just spend the tax payers money. i know farmers in the mid-west who are paid not to till the land while half the land they grow corn which when the final product comes out costs $74 a gallon. tank clean energy. so we need to go deeper into it. it's not to say that the deliberation here favors that we do the right thing. we really need to do the right hing with empirical data, not with fluff, and as one who is a...
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Dec 24, 2012
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i would vote for revenues including tax hikes to keep the country from becoming greece. i am not going to set aside the 1.2 trillion in cuts. >> the president spoke out about the dpfiscal cliff on friday focusing his goals on middle class tax cuts not some kind of bargains. his supporters should find it no surprise to any one he wants people above tacks. >> he won 60 percent of the voters stharp for it in the exit polls including some republicans. >> the focus shift to go the u.s. senate where few republicans are backing democratic plan to take some kind of actions before the deadline. >> they continue to give opinions rick warren had an opinion. >> he said it is time to stop placing blame and start fixing things. listen to this. >> i think there's plenty of blame to go around. i would say this we need to stop blaming. you can't mix the problem while you were fixing the blame. i have trained leaders all over the world. one of the things i teach leadership is leaders accept the blame and give away the credit. >> every time you are blaming you are being blamed. i wish they
i would vote for revenues including tax hikes to keep the country from becoming greece. i am not going to set aside the 1.2 trillion in cuts. >> the president spoke out about the dpfiscal cliff on friday focusing his goals on middle class tax cuts not some kind of bargains. his supporters should find it no surprise to any one he wants people above tacks. >> he won 60 percent of the voters stharp for it in the exit polls including some republicans. >> the focus shift to go the...
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Dec 24, 2012
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tax rate hikes are partisan solution driven by the president but he'll get tax rate hikes. >> some lawmakers say that no deal will get done by the end of the year. >>> the second victim of a shooting in northeast washington has died. beasley was found shot in the early hours of saturday morning. harris was found lying in the road nearby and pronounced dead at the scene. police are offering a $25,000 reward for information that helps them solve this case. >>> a fixture on the potomac river since the 1940s could be closing. jack's boathouse has been renting canoes for decades. the national park service owns that land and recently notified the tenant by letter that he had to vacate by the end of january. >> found just a form letter saying we were terminated and had to be out in 30 days. >> he says he started notifying boat owners and 27 employees who would be let go in the boathouse closes. fans of jack's boathouse started a facebook page to try to save the landmark. >>> the mars rover is about to do something never done before on the red planet. it will begin searching for rocks to drill. righ
tax rate hikes are partisan solution driven by the president but he'll get tax rate hikes. >> some lawmakers say that no deal will get done by the end of the year. >>> the second victim of a shooting in northeast washington has died. beasley was found shot in the early hours of saturday morning. harris was found lying in the road nearby and pronounced dead at the scene. police are offering a $25,000 reward for information that helps them solve this case. >>> a fixture on...
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but he's going to get tax rate hikes. ratey republican colleagues, if we can protect 99% of the american public from a tax hike that is not a tax increase in my books. >> glor: with christmas just two nuys away last minute gift buyers are out. today shopper track said raturday was the busiest day of the holiday season behind black friday. r wever a cut in spending % recast from 3.3% of growth this year to 2.5%. parts of the u.s. will get a white christmas or more. tcheer storm watches have been issued for parts of arkansas and oklahoma. california is already getting wet. carter evans has the forecast. >> reporter: it's been bad enough. cars buried if they could move at all in the midwest. in california's sierra nevada, up to five feet of snow could fall. that's great news for skiers. >> we love the snow. c reporter: not for holiday fliers. >> the only option we have is to drive. >> reporter: the most violent y beher may be yet to come. and the timing couldn't be worse. >> it's going to be happening on christmas day and wh
but he's going to get tax rate hikes. ratey republican colleagues, if we can protect 99% of the american public from a tax hike that is not a tax increase in my books. >> glor: with christmas just two nuys away last minute gift buyers are out. today shopper track said raturday was the busiest day of the holiday season behind black friday. r wever a cut in spending % recast from 3.3% of growth this year to 2.5%. parts of the u.s. will get a white christmas or more. tcheer storm watches...
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the social security payroll taxes are set to increase on january the 1st. you will see an immediate cut in your take-home pay. >>> the senator from idaho is apologizing for being arrested over the weekend. senator michael crepo was charged with driving under the influence. he was pulled over early yesterday froms agoryia, virginia outside of washington. the senator says he is he is deeply sorry and will deal with the consequences. >>> charges could be filed as soon as today against a driver accused of striking several pedestrians in san francisco. one of the victims, a woman from china died from her injuries after thursday night's accident on christmas three- point road. the woman was arrested on suspicion of felony duics and hit and run. >>> other bay area headlines, the murder rate in the city of richmond is at its lowest level since 2001. richmond has had 18 homicides this year. it was nearly three times that just three years ago. the contra costa times requires law enforcement and community efforts. they say it's made a difference. richmond has 190 poli
the social security payroll taxes are set to increase on january the 1st. you will see an immediate cut in your take-home pay. >>> the senator from idaho is apologizing for being arrested over the weekend. senator michael crepo was charged with driving under the influence. he was pulled over early yesterday froms agoryia, virginia outside of washington. the senator says he is he is deeply sorry and will deal with the consequences. >>> charges could be filed as soon as today...
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, no tax increases people below, but taxes for people above. >> tax rate hikes are a partisan solution driven by the president, but he is going to get tax rate hikes. to my republican colleagues, if we can protect 99% of the american public from a tax hike, that is not a tax increase in my book. >> so close and yet still so far. democrat senator chuck schumer and republican senator lindsey grap striking similar notes on taxes, but time is running out. there's still no real deal in sight. joining me now is congresswoman karen bass, democrat from california. congresswoman, it's great to have you here, and as we're hearing about what's taking place in washington or what was taking place before everybody closed up shop to go home for the holidays, we're hearing that more republicans are calling for compromise on the tax issue. however, nearly 200 house republicans appeared to set back speaker boehner's plan b. at this point is there hope that even a small deal will get done before the new year? >> well, i certainly hope there is, but, you know, we left -- when you said some republicans are
, no tax increases people below, but taxes for people above. >> tax rate hikes are a partisan solution driven by the president, but he is going to get tax rate hikes. to my republican colleagues, if we can protect 99% of the american public from a tax hike, that is not a tax increase in my book. >> so close and yet still so far. democrat senator chuck schumer and republican senator lindsey grap striking similar notes on taxes, but time is running out. there's still no real deal in...
SFGTV2: San Francisco Government Television
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it benefits us the truth about $55 million in tax revenue. nightlife is the only significant industry in this city that sometimes gets treated at times as it is a nuisance, a problem to be managed. and of course, we have to focus on making sure it is safe and that people are complying with the laws and that we are not having shooting. but when you get so focused on combating the negatives -- every industry has the negatives. you can sometimes lose sight of the positives and we know there are a huge positives for nightlife in the city. we know that a lot of our street shares are at risk -- street fairs are at risk of being given fees to death. we have completely outdated the planning commission like that mission how are used district, which makes it extremely hard to do anything alcohol related in a big swath of the mission. there was a bowling alley that wanted to go in at 17th and van ness and they were not going to be able to do it because they would have been banned from even selling beer. that is the tip of the iceberg in terms of plannin
it benefits us the truth about $55 million in tax revenue. nightlife is the only significant industry in this city that sometimes gets treated at times as it is a nuisance, a problem to be managed. and of course, we have to focus on making sure it is safe and that people are complying with the laws and that we are not having shooting. but when you get so focused on combating the negatives -- every industry has the negatives. you can sometimes lose sight of the positives and we know there are a...
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or have much of an impact as much as the investment related taxes will like when dividend taxes go to 44% automatically. >> yeah. >> which is going to happen when we go over the fiscal cliff. capital gains going up to ordinary income of 39.6. what would you say is a realistic level for those two taxes? >> well, i don't know. >> i mean once they get a deal. >> decide for us, quint. >> yeah. well, probably in the 40s right? i think ultimately -- >> 40s? that is going to be a problem for the market. >> yes, it is. that is why i think running out and hiding into dividend paying stock is not the answer. when this really sets in that we're not going to have a deal the market is going to come off. believe it or not when it comes off those are still the areas that i would look because where are you going to find, you know, an intel for example yielding 4.5%, loads of cash on the balance sheet, and even if it gets taken down under $20 a share, very healthy company, excellent dividend yield. >> yes. >> so i would rather have that even if i'm paying a higher tax on it than be sitting in cash yie
or have much of an impact as much as the investment related taxes will like when dividend taxes go to 44% automatically. >> yeah. >> which is going to happen when we go over the fiscal cliff. capital gains going up to ordinary income of 39.6. what would you say is a realistic level for those two taxes? >> well, i don't know. >> i mean once they get a deal. >> decide for us, quint. >> yeah. well, probably in the 40s right? i think ultimately -- >> 40s?...
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on taxes, i know it's hard for the republicans but the president ran on that platform, 250, no tax increase for people below but taxes for people above. 60% of the voters said they were for it in the exit polls, including some republicans and yet our republican colleagues by refusing to go along with revenues are risking the fiscal cliff and make no mistake about it. if we go over, god forbid and i still don't think we have to, the american people are going to blame the republican party and they'll come right back and pass something. so i don't think the middle class is at risk. if we go over the cliff, our republicans colleagues will come back and go uh-oh and pass the bill we passed in senate already. >> can check hagel become secretary of defense if he's the republican's nominee? >> a lot of republicans have asked hard questions. i don't think he's going to get many republicans votes. i like chuck but his positions are really out of the mainstream and well to the left of the president. i think it would be a challenging nominations but the hearings will matter. chuck will have a chance to
on taxes, i know it's hard for the republicans but the president ran on that platform, 250, no tax increase for people below but taxes for people above. 60% of the voters said they were for it in the exit polls, including some republicans and yet our republican colleagues by refusing to go along with revenues are risking the fiscal cliff and make no mistake about it. if we go over, god forbid and i still don't think we have to, the american people are going to blame the republican party and...
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tax rate hikes are partisan solution driven by the president but he's going to get tax rate hikes. >> lawmakers say they are preparing to spend new year's eve on capitol hill. >> one of the survivors in the oregon mall shooting is speaking out for the first time. the 15 year old was shot december 11th. she was walking through the mall and says the gunman walked right past her carrying what she thought was a paintball gun. seconds later bullets started flying and she was hit multiple times. the doctors were able to save her. >> i know that god has his eyes on us. he has angels on everybody's shoulders. and he's especially watching out for my family. >> it appears christina might have nine lives. she also survived a serious car accident earlier this year. >>> the second victim of a shooting in northeast d.c. has died. police say 69-year-old nathaniel beasley jr. died. the shooting also killed 44-year-old raymond harris. harris was found lying in the road nearby and pronounced dead at the scene. police are offering a $25,000 reward for information to help solve the case. >>> the catastro
tax rate hikes are partisan solution driven by the president but he's going to get tax rate hikes. >> lawmakers say they are preparing to spend new year's eve on capitol hill. >> one of the survivors in the oregon mall shooting is speaking out for the first time. the 15 year old was shot december 11th. she was walking through the mall and says the gunman walked right past her carrying what she thought was a paintball gun. seconds later bullets started flying and she was hit multiple...
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the 250,000 a year tax cut plus unemployment things and it maybe can kick the can down the road. that will have consequences for the president's agenda in the next year because he wants to get immigration reform done. he wants to get a lot of other things done that really get pushed down the road if fiscal stiff is still weighing on him. >> which side has negotiated in good faith more? the political reporting we've heard is that the president is still at the table. he is saying let's get something done. john boehner is at the table saying he wants to get something done, but -- i think the white house says how is he going to pass plan a or something we negotiated on that we thought we were close on? as congressman ellison said, john boehner has a decision to make. does he bring something to the floor that was similar to that plan a, that big deal that him and the president had forged, but then probably not get a majority of his conference and potentially cost him his speakership. now, will he lose his speakership? it's something that we're sort of skeptical of because the only per
the 250,000 a year tax cut plus unemployment things and it maybe can kick the can down the road. that will have consequences for the president's agenda in the next year because he wants to get immigration reform done. he wants to get a lot of other things done that really get pushed down the road if fiscal stiff is still weighing on him. >> which side has negotiated in good faith more? the political reporting we've heard is that the president is still at the table. he is saying let's get...
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in my opinion, all polls are tax deductions, but not all tax deductions are loopholes. a poll is a misuse of an intended deduction and using its in a way in which it was never intended. you agree? guest: i think local is a term that describes a tax advantage that i cannot get or you-- cannot get. -- loophole is a term. caller: we hear of republicans as broadening the tax base. by the pepco word for ge people -- i think that is code for people who are not paying anything now to start paying something. guest: 47% of the people don't pay income tax, but they do pay a other things. there's something called the earned income tax credit for that began in the ford administration. ronald reagan expanded its and bill clinton expanded further. an income-tax credits, low- income workers get a tax advantage to help you and your family, help keep you off welfare, social benefits you more to work and be on welfare. that was a virgin. mor -- that was a virtue. now people are getting up and arms about it saying half the people don't pay taxes. host: clarence page, a prediction, what ha
in my opinion, all polls are tax deductions, but not all tax deductions are loopholes. a poll is a misuse of an intended deduction and using its in a way in which it was never intended. you agree? guest: i think local is a term that describes a tax advantage that i cannot get or you-- cannot get. -- loophole is a term. caller: we hear of republicans as broadening the tax base. by the pepco word for ge people -- i think that is code for people who are not paying anything now to start paying...
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Dec 24, 2012
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they're taxing the hell out of anyone who dares to go make money. maybe i should start an illegal business. advise me as my criminal defense attorney, can you please advise me i will sell fake gucci bags online in the new year. don't tell anyone. >> you would keep it legit and wonderful person you are. melissa: but there are no penalties. >> takes five minute to develop an llc. melissa: right. >> you have a limited liability company you can develop online. takes five minutes to do that. what you need to do in regulatory fashion police have to monitor it better therefore they can coordinate with each other, to crack it down and break it down to prevent people selling what every it is. whether personal services as here. whether it is handbags or anything else that is inappropriate, illegal unlawful. melissa: is the bottom line people should be worried about running illegal businesses online? i'm not totally convinced? >> i have to tell you it is online business you have much better probability thriving in it, doing it, becoming an entrepreneur succeed
they're taxing the hell out of anyone who dares to go make money. maybe i should start an illegal business. advise me as my criminal defense attorney, can you please advise me i will sell fake gucci bags online in the new year. don't tell anyone. >> you would keep it legit and wonderful person you are. melissa: but there are no penalties. >> takes five minute to develop an llc. melissa: right. >> you have a limited liability company you can develop online. takes five minutes...
SFGTV2: San Francisco Government Television
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a larger cost on a smaller tax base, and, arguably, less affluent communities. man: sewickley township is a rural farming community, however, herminie itself would be considered to be the downtown area of the township. it's the agways, the auto-parts store, the bank. it's your typical small-town village. man: people think that rural areas are pristine and perfect and everybody has a nice, simple life. that's, uh, not exactly the situation here. when you come into town in the summer, you know you're coming to herminie. woman: the aroma in 90-degree days... can sometimes just want to knock you over. woman: we have water. we have power, we have gas, but we have no sewage. i guess when they laid out the town years ago, it just all went into the pipes and straight into the "crick." sabljak: i've lived here 43 years in the same house. when i moved here, they told us that sewage would be here shortly. and here it is 43 years later and we still don't have it. my husband and i went to the first meeting. he always said, "boy, i'll never see it in my lifetime." well... my
a larger cost on a smaller tax base, and, arguably, less affluent communities. man: sewickley township is a rural farming community, however, herminie itself would be considered to be the downtown area of the township. it's the agways, the auto-parts store, the bank. it's your typical small-town village. man: people think that rural areas are pristine and perfect and everybody has a nice, simple life. that's, uh, not exactly the situation here. when you come into town in the summer, you know...
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the end of the payroll tax cut and the impact of the hike in the minimum tax on january 1st. over the weekend, we did hear from some republican moderates who say it may in fact be time to make some kind of a move. >> the president's statement is right, no one wants taxes to go up on the middle class. i don't want them to go up on anybody. but i'm not in the majority in the united states senate and he's the president of the united states. >> now the focus shifted to mitch mcconnell. the senate taking the lead on a compromise with democrats, and something that can get some support among house republicans. carl? >> hampton, thank you very much. hampton pearson in washington. >> the gift that keeps on giving. we're talking about market wisdom. what you need to know ahead of the opening bell. and whether you're a holiday traveler or investor, you want to hear about the state of the airline industry. let's take a look at futures one last time before the holiday shortened session. about ten points down on the dow. ally bank. why they have a raise your rate cd. tonight our guest, tho
the end of the payroll tax cut and the impact of the hike in the minimum tax on january 1st. over the weekend, we did hear from some republican moderates who say it may in fact be time to make some kind of a move. >> the president's statement is right, no one wants taxes to go up on the middle class. i don't want them to go up on anybody. but i'm not in the majority in the united states senate and he's the president of the united states. >> now the focus shifted to mitch mcconnell....
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politically, members of congress will have to vet on tax cuts as opposed to now which are tax increases which are much harder to take. >> that's right. because the tax hikes will happen whether or not congress acts, so the school of thought here is that if republicans and temp kratz were to allow this just to happen, then they could vote for infect only tax cuts, not be on the record voting for tax hikes. now for the very staunch anti tax folks, it's unclear if that would really pass muster with them, but certainly this is something being considered you know, dana. >> absolutely. i'm sure the markets won't know that. brianna, good to see you. while in hawaii, president obama and first lady michelle obama paid their respects to late senator daniel inouye. inouye died last week from a respiratory illness. he was 88 years old. following that the president went to visit the grave of his old grandfather who is buried at the very same cemetery. >> he will be missed and remembered, as he was on sunday. >>> christmas eve, of course. crunch time for holiday travelers. a big storm out west, delay
politically, members of congress will have to vet on tax cuts as opposed to now which are tax increases which are much harder to take. >> that's right. because the tax hikes will happen whether or not congress acts, so the school of thought here is that if republicans and temp kratz were to allow this just to happen, then they could vote for infect only tax cuts, not be on the record voting for tax hikes. now for the very staunch anti tax folks, it's unclear if that would really pass...
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care tax. the occupy movement will not return with the same strength, but talk of fat cats and p will iticrats in the media will drive the wealthy further into hiding and reduce conspicuous consumption. the rich will put less money into u.s. stocks and more into assets. funded by the overseas rich with some homes selling for more than $100 million. luxury spending will remain weak largely because of weakness in china. bright spots will be high end luxuries and experiences like travel and entertainment. wealth will become quieter. call it stealth wealth. the big spending in big luxuries will be behind closed doors and kitchens like this could become the new status symbol. >> du that report from your kitchen, is that how that -- >> i didn't -- no, i didn't see that. i don't remember him being there. no, our american-made company today makes what is considered to be the most popular snack food in the world. rob is cogoed founder of dock popcorn. >> hi, guys. it's actually -- >> i always thought or
care tax. the occupy movement will not return with the same strength, but talk of fat cats and p will iticrats in the media will drive the wealthy further into hiding and reduce conspicuous consumption. the rich will put less money into u.s. stocks and more into assets. funded by the overseas rich with some homes selling for more than $100 million. luxury spending will remain weak largely because of weakness in china. bright spots will be high end luxuries and experiences like travel and...
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taxes later in the year could be steep if congress failed to react. so a tax increase averaging nearly $3,700 if the worker is paid every two weeks for over $100,000. that is about $142 per check. once there is a resolution for this embarrassment, for some businesses it could take longer, all because the two sides are fighting over the same issue. what a disgrace. the world is watching. credit agencies are watching. at this point, they seem more worried about which party wins or loses. have a great christmas. we're gonna make some history together today. [cheers and applause] >> when steve jobs handpicked walter isaacson to write his life story, he had already been diagnosed with cancer, but after 40 interviews, the biography provides a vivid picture of a complicated man. >> i think it's a tough book. >> it's a book that's fair. i mean, this is a real human being. >> you will hear tape recordings of jobs himself talking about being adopted, creating apple, and his regret over ignoring what could have been life-saving cancer surgery. >> you're born alo
taxes later in the year could be steep if congress failed to react. so a tax increase averaging nearly $3,700 if the worker is paid every two weeks for over $100,000. that is about $142 per check. once there is a resolution for this embarrassment, for some businesses it could take longer, all because the two sides are fighting over the same issue. what a disgrace. the world is watching. credit agencies are watching. at this point, they seem more worried about which party wins or loses. have a...
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. >> congress is expected to be back in session thursday and without a deal, tax hikes and deep spending cuts will be triggered on january 1st. >>> coming up tonight on the 10:00 news from flooded roadways to sinkholes. >>> our stormwatch coverage continue as a powerful storm leaves behind a mess in the bay area. >> thank you for trusting ktvu channel 2 news. >> we'll see you the next time newsbreaks and we're on-line at ktvu.com. we'll see you tonight at 10:00
. >> congress is expected to be back in session thursday and without a deal, tax hikes and deep spending cuts will be triggered on january 1st. >>> coming up tonight on the 10:00 news from flooded roadways to sinkholes. >>> our stormwatch coverage continue as a powerful storm leaves behind a mess in the bay area. >> thank you for trusting ktvu channel 2 news. >> we'll see you the next time newsbreaks and we're on-line at ktvu.com. we'll see you tonight at...
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it is funded by payroll taxes. there's a 12.4% tax on wages up to about $110,000. you make more than that then any money you make over that is not taxed for social security. it is divided equally between your employer and the worker. for the past two years, the workers share has been reduced. that has saved, by the way, if you are an average worker that is $1,000 tax cut. host: we can see in this pie chart where that money comes from. payroll taxes making nearly 83% and interest and taxation of benefits. we see the payouts. benefits, 90% of the money spent goes to benefits and administrative expenses and retirement. what are some of the other numbers we're seeing? guest: the interest is from the trust fund. so when the last time social security in 1983 they put in a system that generated more money in tax revenue than were being paid out in benefits. a trust fund was built up. so when social security had that additional money, the treasury holds it. they invest it in treasury bonds and those bonds earn interest. that is where that big portion of your income for the
it is funded by payroll taxes. there's a 12.4% tax on wages up to about $110,000. you make more than that then any money you make over that is not taxed for social security. it is divided equally between your employer and the worker. for the past two years, the workers share has been reduced. that has saved, by the way, if you are an average worker that is $1,000 tax cut. host: we can see in this pie chart where that money comes from. payroll taxes making nearly 83% and interest and taxation of...
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Dec 24, 2012
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they are holding out for keeping tax rates down where the public has said tax rates should go up. way back before 2010, the public was saying it. there also behind in the image perspective. they are seen as the party of extremism and the summer of 2011 -- the summer did not engage deeply with the policy debates. they sniff out very early on -- the public of more sophisticated than some people think. there were no merits being used to make other political argument and people were very frustrated about that. nobody came of that debate looking good. that is when we started to see a wider opening in the gap of the leaders of the two political parties and the republican party has not overcome that image. they're playing a very similar strategy. >> how do you factor into your polls what the political workers call from game? you have to attribute that to get out the vote efforts. do you try to factor is that in before? >> it is one of the challenges. campaigns are using technology -- there is a much more targeted effort in the pacific states and it is a sophisticated they know and we are
they are holding out for keeping tax rates down where the public has said tax rates should go up. way back before 2010, the public was saying it. there also behind in the image perspective. they are seen as the party of extremism and the summer of 2011 -- the summer did not engage deeply with the policy debates. they sniff out very early on -- the public of more sophisticated than some people think. there were no merits being used to make other political argument and people were very frustrated...
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without a deal tax hikes for all americans and deep spending cuts will be triggered on january 1st. >>> the head of the national rifle association today defended his group's refusal to consider any form of gun control. >> look a gun is a tool. the problem is the criminal. every police officer that walks the street knows if you want to control violent crime take violent criminals off the street. >> on friday the nra called for armed guards in schools as the best way to prevent shootings like the one in newtown connecticut. today warner a supporter of gun ownership called for mental health care as a way to protect schools. >>> religion leaders prayed for peace and called for action to prevent gun violence. church members held sunday service then a town hall forum to answer questions and spark discussion. actor and activist danny glover and jeremiah wright. glover says the connecticut shooting has brought a problem dealt with daily, gun violence. >> daily in light of what has happened in newtown connecticut, don't you give up on me. because now it is time for you to act. >> a group of sa
without a deal tax hikes for all americans and deep spending cuts will be triggered on january 1st. >>> the head of the national rifle association today defended his group's refusal to consider any form of gun control. >> look a gun is a tool. the problem is the criminal. every police officer that walks the street knows if you want to control violent crime take violent criminals off the street. >> on friday the nra called for armed guards in schools as the best way to...
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talks tried to prevent automatic tax hikes, they won't resume until monday. here's more. >> reporter: some say prop wants the country to call off the fiscal cliff. >> we were gonna go off before, we will now. the president wants that. you cannot negotiate with someone who doesn't want to negotiate. >> reporter: house speaker john boehner failed to get -- failed to get enough votes for his plan b that would have raised taxes on those earning a million or more a year. they each made a parting pitch after no deal was made. >> i've asked congress to work on a package that will prevent taxes on middle-class americans, protects unemployment insurance for 2 million americans and lays the groundwork for further work on both growth and deficit reduction. >> reporter: the partisan victory has put the victory on the brink of a potential economic crisis. some long time lawmakers are displayed by the potential gridlock. >> it's the first time i feel it's more likely we'll go over the cliff and not. and if we allow that to happen, it will be the most colossal consequential
talks tried to prevent automatic tax hikes, they won't resume until monday. here's more. >> reporter: some say prop wants the country to call off the fiscal cliff. >> we were gonna go off before, we will now. the president wants that. you cannot negotiate with someone who doesn't want to negotiate. >> reporter: house speaker john boehner failed to get -- failed to get enough votes for his plan b that would have raised taxes on those earning a million or more a year. they each...
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we will see the taxes go up if we do go over the fiscal cliff. palin a nurses' strike thousands of nurses walked off the job today at nine bay area hospitals. nurses with a center helps halt the bay summit medical center are asking for a negotiated labor contracts and improvement in patient care protections. such as staffing levels, a health benefits, and sick days. strikers a hospital officials want to reduce the number of paid sick days for nurses and technicians while maintaining health care coverage for those who work fewer than 30 hours a week. >> we're looking at power outages this morning all across the bay area. here's a look at the numbers. in the north bay 1075 people are without power. on the peninsula, 517. central coast, 376. and in the east bay 288 customers are without power. taking a live look as we're seeing the traffic in san jose as traffic said is very light right now. it will be tough to get around the malls though today. we will be right back. sleep train thanks all those who helped make a difference last year for thousands
we will see the taxes go up if we do go over the fiscal cliff. palin a nurses' strike thousands of nurses walked off the job today at nine bay area hospitals. nurses with a center helps halt the bay summit medical center are asking for a negotiated labor contracts and improvement in patient care protections. such as staffing levels, a health benefits, and sick days. strikers a hospital officials want to reduce the number of paid sick days for nurses and technicians while maintaining health care...
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. >> the president: i've asked leaders of congress to work towards a package that spreads tax hike on middle class americans, protects unemployment insurance for two million americans and lays the groundwork for further work on growth and deficient the city reduction. >> president's solution of raising tax rates could be red ink for as far as the eye can see. >> reporter: the partisan bickering has put the country on the brink of potential economic crisis. >> it is the first time that i feel it is more likely that we will go over the cliff than not. that, if we allow that to happen, it will be thekñg)p mot colossal consequential act of congressional responsibility in a long time. >> reporter: president obama is in hawaii for christmas. he says, he will cut his vacation short to try to hammer out a deal. the deadline a week way andrew spencer, reporting. >>> president obama is giving federal employees a present, he's issued an executive order giving workers at most federal departments the day off today, it excludes workers who have to remain on duty for reasons of national security,
. >> the president: i've asked leaders of congress to work towards a package that spreads tax hike on middle class americans, protects unemployment insurance for two million americans and lays the groundwork for further work on growth and deficient the city reduction. >> president's solution of raising tax rates could be red ink for as far as the eye can see. >> reporter: the partisan bickering has put the country on the brink of potential economic crisis. >> it is the...
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the said that even after the constitution is adopted in washington is an office, you have the whiskey tax and the whiskey rebellion. how did they respond to that? >> guest: that went better than fever billion did. but, they recognized the need strong federal government the need to be these checks that would ensure that the states kept power as well. >> host: over time than during the 1800's were the rest of the 1800's, the -- during the 1900's we continue to have guns play a role in the society particularly in the frontier any surprises that he founded study in that era? >> guest: the means of price to me is gun control in the wild west i grew up with westernism in the 50's and well in reality you couldn't carry a gun around in the town like dodge city is a good example. there were walls against that. if you are a cowboy that came in when you were supposed to go story or pistol if you had one. >> host: that doesn't fit with the way that most people think about it. >> guest: this is of course settlements out in the wild prairie, but they are like towns everywhere today. you need to call an
the said that even after the constitution is adopted in washington is an office, you have the whiskey tax and the whiskey rebellion. how did they respond to that? >> guest: that went better than fever billion did. but, they recognized the need strong federal government the need to be these checks that would ensure that the states kept power as well. >> host: over time than during the 1800's were the rest of the 1800's, the -- during the 1900's we continue to have guns play a role in...
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the deadline for heading off tax hikes and spending cuts is now one week away. congress returns from a short holiday break on thursday and at least one senator expects negotiations to go up until new year's eve. one possibility is a partial deal on taxes and putting off spending for later. >>> also new insight this morning into mitt romney's failed run for the white house. comments coming now from his eldest son. tag romney tells "the boston globe" that his dad never actually wanted the top job and he was reluctantly convinced to run for president. "he wanted to be president less than anyone i've met in my life" is what tag said, direct quote. he went on to say that his father is a very private person who simply does not like attention. that's a stunning remark, the money, the time, the scheduling, the scrutiny, the investment. the people around you who come along for the ride. if you don't really want it, why would you jump and devote two years of your life running for the toughest job on the planet? >> i was at the romney headquarters election night and i can
the deadline for heading off tax hikes and spending cuts is now one week away. congress returns from a short holiday break on thursday and at least one senator expects negotiations to go up until new year's eve. one possibility is a partial deal on taxes and putting off spending for later. >>> also new insight this morning into mitt romney's failed run for the white house. comments coming now from his eldest son. tag romney tells "the boston globe" that his dad never actually...
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>> the biggest question here is, big tax increases for everybody. the automatic spending cuts to the pentagon have huge ramifications. and most economists would say if this happens, there's major risk that the economy goes back into recession. >> jon karl, not the news we wanted to hear. thank you. >>> now to paula faris with the top stories. good morning. >> merry christmas eve to both of you. good luck with the shopping. >> we need it. >>> we begin in afghanistan. for the first time ever, a female officer is the one who opened fire. an afghan policewoman shot and killed a u.s. military adviser just outside the police head quarters in kabul. >>> vietnamese fishermen rescued a florida man on a disabled yacht. he and three others were towing the yacht from the philippines when the tow rope broke. >>> a senator from idaho is apologizing this morning after he was arrested over the weekend for driving drunk. mike crapo has said previously he does not drink. >>> there's no evidence this morning we don't feel good about the economy. a new abc news/"washin
>> the biggest question here is, big tax increases for everybody. the automatic spending cuts to the pentagon have huge ramifications. and most economists would say if this happens, there's major risk that the economy goes back into recession. >> jon karl, not the news we wanted to hear. thank you. >>> now to paula faris with the top stories. good morning. >> merry christmas eve to both of you. good luck with the shopping. >> we need it. >>> we begin in...
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e week before the taxes are going to sky rocket. steve is live in washington. >> good morning, gretchen and everybody. washington is shut down for the christmas holiday . when everybody does come back to town, the ball will be in the democrat's court because speaker boehner was unable to bring his on board. for the plan b. >> onous is on senator reid and the president to come up with a solution and present it to the house and get back to the bargaining table. >> now the president has insisted on a tax hike for the healthy but wants that at $250,000 or $400,000 and not one mill yen and even though the president scaled back his expectations for what can be accomplished some democrats said a grand bargain shouldn't be that hard to reach. >> we ought to take peeker boehner and the president's last offer and split the difference and it would be a package 2.6 trillion can couple that with 1.1 trillion and that would be close to four trillion needed to stabilize the debt and bring it down. >> the president and members was congress will ret
e week before the taxes are going to sky rocket. steve is live in washington. >> good morning, gretchen and everybody. washington is shut down for the christmas holiday . when everybody does come back to town, the ball will be in the democrat's court because speaker boehner was unable to bring his on board. for the plan b. >> onous is on senator reid and the president to come up with a solution and present it to the house and get back to the bargaining table. >> now the...
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as fiscal talks drag into the 11th hour with $600 billion in tax heights and spending cuts due to kick in early next year. lawmakers will get back to the table later this week after house speaker john boehner's plan b fails to gain enough republican support for a vote. >>> still, the market has been resilient. despite friday's decline the s&p posted its best week in four and with just five trading sessions left in 2012, the dow has advanced 8% while the s&p 500 has jumped and the nasdaq has jumped 16%. >>> reports are due on pending new sale homes in the nation's 20 largest cities. >>> so are you still not sure what to get for the person who has everything? new retail numbers show footwear was the fifth most popular gift on shopper's list on black friday. a year ago shoes didn't make it into the top ten gifts for the season. >>> good news for hollywood. attendance by movie goers is up 5.5%. ticket revenue is expected to jump by 6% by the end of 2012 which would be the industry's biggest yearly increase in nearly a decade. >>> surprisingly strong sales on thanksgiving, look for some mcd
as fiscal talks drag into the 11th hour with $600 billion in tax heights and spending cuts due to kick in early next year. lawmakers will get back to the table later this week after house speaker john boehner's plan b fails to gain enough republican support for a vote. >>> still, the market has been resilient. despite friday's decline the s&p posted its best week in four and with just five trading sessions left in 2012, the dow has advanced 8% while the s&p 500 has jumped and...
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the deadline for preventing tax hikes is one week today. it is likely that the president and congress will work right to new year's ever. >>> overseas now, where an american has been killed by an afghan policewoman. there have been similar insider attacks, but this is the first time a female security officer has been involved. >>> the nra is not backing away from the call for armed officers in schools. congressman chris murphy, whose district includes newtown calls the stance tone deaf and revolting. >>> a rel christmas gift, getting to where you're going on time today. storms are causing major trouble. not only trying to get through snow-covered roads. rain and wind are grounding flights in warmer parts of the country as well. >>> finally, christmas a good time to do star-gazing. jupiter and the moon will be close together in the sky and very bright. you'll be able to see them even in urban areas. the star of bethlehem may have been a similar astronomical event. you have to look to the east southeast sky. wherever that may be. you can tell
the deadline for preventing tax hikes is one week today. it is likely that the president and congress will work right to new year's ever. >>> overseas now, where an american has been killed by an afghan policewoman. there have been similar insider attacks, but this is the first time a female security officer has been involved. >>> the nra is not backing away from the call for armed officers in schools. congressman chris murphy, whose district includes newtown calls the stance...
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you have the whiskey tax and the whiskey rebellion. how did they respond to that? >> that went better. sure. they recognized that they needed a strong federal power, needed to be -- needed to be these checks that would ensure that the states kept powers as well. >> host: over time, then, during the 1800s, the rest of the 1800s, we can -- 1900s, continue to have guns play a role in society, particularly ton the frontier, any surprises studying that era. >> the many thing that surprise mid was gun control in the wild west -- plenty of guns there, and, in reality, you couldn't carry a gun around in a town like. >> host: dodge or -- >> guest: dodge city is a good example. there were laws against that. you had to deposit your arms. if you were a cowboy who came in from the plains there was place where you were supposed to store your pistol if you had one. >> host: that didn't fit with the way most people think about it. >> guest: this is in settlements. knotted out in the wild prairie. but they're like towns everywhere today. you need a little law and order in towns and
you have the whiskey tax and the whiskey rebellion. how did they respond to that? >> that went better. sure. they recognized that they needed a strong federal power, needed to be -- needed to be these checks that would ensure that the states kept powers as well. >> host: over time, then, during the 1800s, the rest of the 1800s, we can -- 1900s, continue to have guns play a role in society, particularly ton the frontier, any surprises studying that era. >> the many thing that...
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tax immunity. they have a very cozy system of tax and unity. -- community. the tragedy is when you have an going to ake greece's tailspin and you have a massive immunization of national income, and the central bank is effectively kaput, you can really improve your tax collection methods because there is no income tax. people just do not make money any more. even the rich do not make money. other than the money they have already accumulated through geneva or frankfurt. they are not making money. how can you improve your tax mechanism when there's no income tax? that is the second question. the first question -- i am not worried about inflation at all. in this country, there is this fixation with quantity -- quantitative easing. bernanke's attempt to stabilize the american economy. it is a policy that i have encountered ever since i came to this country. mr. bernanke is printing money. he is not printing money. if it were, you could talk about the loss potential, which is different from deflationary.
tax immunity. they have a very cozy system of tax and unity. -- community. the tragedy is when you have an going to ake greece's tailspin and you have a massive immunization of national income, and the central bank is effectively kaput, you can really improve your tax collection methods because there is no income tax. people just do not make money any more. even the rich do not make money. other than the money they have already accumulated through geneva or frankfurt. they are not making money....
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and basically i have worked with steve forbes on a flat tax book and conversations led to the idea for this book. >> how did you meet steve forbes? >> i met him many years ago at an event that i did when i was at the university of southern california. and one thing led to another. i moved to new york, back to new york. i should i'm from new york and started working of course. so elizabeth ames, your practical express prior to working at forbes, how do you inject that into a capitalism will say the? >> basically i've learned a lot since forbes. when i was at forbes i learned a lot about markets. and again i was a journalist. i began as a journalist and i worked at business week many years ago as a journalist, but when i started to work as an entrepreneur, i learned about the fact that you really need to have economic freedom is to create jobs. and it's something i learned personally. and if you're just getting a paycheck you really don't understand how government can affect a small business and job creation. i experienced that firsthand. so that was one of the things that led me to thin
and basically i have worked with steve forbes on a flat tax book and conversations led to the idea for this book. >> how did you meet steve forbes? >> i met him many years ago at an event that i did when i was at the university of southern california. and one thing led to another. i moved to new york, back to new york. i should i'm from new york and started working of course. so elizabeth ames, your practical express prior to working at forbes, how do you inject that into a...
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signed is that in california, 20% of the cost is subsidized by the state, and there's a 30% federal tax break because it's a green technology. in other words, the price is cut in half. >> we have fedex. we have wal-mart. >> you have wal-mart? >> absolutely. >> staples? >> staples. >> so who was the first? >> google was the very first company. >> google was the first. >> yes. >> these four units have been powering a google data center for 18 months. they use natural gas, but half as much as would be required for a traditional power plant. k.r. told us that three weeks in at google, suddenly, one of the boxes just stopped. >> your heart just drops. >> did you panic? >> for a short while, yes. >> he fixed that. then there was another incident. >> the air filters clog up, and air is not coming into the system because the highway is kicking dirt. you just flip the system around, and the problem is gone. >> another company that's bought and is testing the bloom box so k.r. can work out the kinks is ebay. its boxes are on the lawn in the middle of its campus in san jose. >> these things fuel a
signed is that in california, 20% of the cost is subsidized by the state, and there's a 30% federal tax break because it's a green technology. in other words, the price is cut in half. >> we have fedex. we have wal-mart. >> you have wal-mart? >> absolutely. >> staples? >> staples. >> so who was the first? >> google was the very first company. >> google was the first. >> yes. >> these four units have been powering a google data center...
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parker says oakland has already heavily invested in system to tax and regulate dispensaries. >> we laugh a great deal of time and energy and money setting up this system that is consistent with california law. and is a tragic way of the government's resources. >> but others say potash shops never should have been able to open 2349 first place. >> federal law, law of the land or is it law, that's the bottom line. >> carla lowe is citizens against legalization of marijuana. a lobbying group based in sacramento. pot is unsafe and ineffective. not a -- an 'digtive, dangerous drug. >> not a medicine. always been a joke, a cruel hoax, always has been, always will be. f.d.a. will never approved it for any product to be deemed a medicine. >> with the recent legalization of medical marijuana in washington and colorado national leaders are re-examining pot policies. the justice department soon expected to issue a response which now allow adults 21 and old tore possess up to one ounce legally. on capitol hill, senate judiciary chairman patrick leahy called for congressional hearings on the issue an
parker says oakland has already heavily invested in system to tax and regulate dispensaries. >> we laugh a great deal of time and energy and money setting up this system that is consistent with california law. and is a tragic way of the government's resources. >> but others say potash shops never should have been able to open 2349 first place. >> federal law, law of the land or is it law, that's the bottom line. >> carla lowe is citizens against legalization of...
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more than one in four people surveyed cited concerns about higher taxes. before we go to break, i want to tell you again to donate to st. jude's children's hospital and help the courys' dream come true. text light at 5 -- text life to 50333 to donate $10. >>> redskins hang on to victory over the eagles. rg3's return and his playoff implications. we'll be right back. >>> howard here with your weather first. going to be a raw day. rain will be developing. eight going to get moderate at times this afternoon. north and west of town cold enough for snow and sleet to mix in. surface temperatures should remain above freezing. not expecting much more than wet streets. perhaps minor accumulations on the grassy surfaces. full details of that christmas forecast coming up in just a few minutes. >>> traffic nice and light. more of that for you as the monk rolls along -- morning rolls along for you shortly. the american legion bridge, nice light beltway volume. not used to seeing this but these are your christmas eve conditions. that's your timesaver traffic. back to an
more than one in four people surveyed cited concerns about higher taxes. before we go to break, i want to tell you again to donate to st. jude's children's hospital and help the courys' dream come true. text light at 5 -- text life to 50333 to donate $10. >>> redskins hang on to victory over the eagles. rg3's return and his playoff implications. we'll be right back. >>> howard here with your weather first. going to be a raw day. rain will be developing. eight going to get...